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Employer Identification Number 23-0892360

THE RISK MANAGEMENT ASSOCIATION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:THE RISK MANAGEMENT ASSOCIATION
Employer identification number (EIN):23-0892360
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations
401k Pension/Benefits registration THE RISK MANAGEMENT ASSOCIATION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationTexas, TX

Organization Overview

Mission StatementRMA IS A MEMBER-DRIVEN PROFESSIONAL ASSOCIATION WHOSE SOLE PURPOSE IS TO ADVANCE SOUND RISK PRINCIPLES IN THE FINANCIAL SERVICES INDUSTRY. RMA HELPS OUR MEMBERS USE SOUND RISK MANAGEMENT PRINCIPLES TO IMPROVE INSTITUTIONAL PERFORMANCE AND FINANCIAL STABILITY, AND ENHANCE THE RISK COMPETENCY OF INDIVIDUALS THROUGH INFORMATION, EDUCATION, PEER SHARING, AND NETWORKING.
Number of Employees97
Number of Volunteers1000
Year Formed1921

Organization Governance

Legal DomicilePA
Voting Members - Governing Body25
Voting Members - Independent24

Organization Financials

2023-08-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 21,899,665
Program Service Revenue from current yearUSD $ 28,596,449
Investment Income from prior yearUSD $ 833,333
Investment Income from current yearUSD $ 711,865
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 29,308,314
Net assets / fund balances at end of fiscal yearUSD $ 22,198,344
Net assets / fund balances at beginning of fiscal yearUSD $ 23,324,718
Total liabilities at end of fiscal yearUSD $ 21,251,602
Total liabilities at beginning of fiscal yearUSD $ 23,210,651
Total assets at end of fiscal yearUSD $ 43,449,946
Total assets at beginning of fiscal yearUSD $ 46,535,369
Revenues less expenses for current yearUSD $ -2,526,073
Revenues less expenses for previous yearUSD $ -1,214,519
Total expenses for current yearUSD $ 31,834,387
Total expenses for previous yearUSD $ 23,947,517
Other expenses in current yearUSD $ 14,447,153
Other expenses in previous yearUSD $ 9,370,806
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 17,387,234
Employee salary and benefits paid in previous yearUSD $ 14,576,711
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 29,308,314
Total revenue in previous fiscal yearUSD $ 22,732,998
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2022-08-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 20,930,299
Program Service Revenue from current yearUSD $ 21,899,665
Investment Income from prior yearUSD $ 1,675,324
Investment Income from current yearUSD $ 833,333
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 22,732,998
Net assets / fund balances at end of fiscal yearUSD $ 23,324,718
Net assets / fund balances at beginning of fiscal yearUSD $ 30,901,295
Total liabilities at end of fiscal yearUSD $ 23,210,651
Total liabilities at beginning of fiscal yearUSD $ 16,060,778
Total assets at end of fiscal yearUSD $ 46,535,369
Total assets at beginning of fiscal yearUSD $ 46,962,073
Revenues less expenses for current yearUSD $ -1,214,519
Revenues less expenses for previous yearUSD $ 575,266
Total expenses for current yearUSD $ 23,947,517
Total expenses for previous yearUSD $ 22,030,357
Other expenses in current yearUSD $ 9,370,806
Other expenses in previous yearUSD $ 8,276,108
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 14,576,711
Employee salary and benefits paid in previous yearUSD $ 13,754,249
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 22,732,998
Total revenue in previous fiscal yearUSD $ 22,605,623
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2021-08-31
Total unrelated business incomeUSD $ 32,417
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 20,670,105
Program Service Revenue from current yearUSD $ 20,930,299
Investment Income from prior yearUSD $ 1,621,166
Investment Income from current yearUSD $ 1,675,324
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 22,605,623
Net assets / fund balances at end of fiscal yearUSD $ 30,901,295
Net assets / fund balances at beginning of fiscal yearUSD $ 25,179,655
Total liabilities at end of fiscal yearUSD $ 16,060,778
Total liabilities at beginning of fiscal yearUSD $ 13,683,181
Total assets at end of fiscal yearUSD $ 46,962,073
Total assets at beginning of fiscal yearUSD $ 38,862,836
Revenues less expenses for current yearUSD $ 575,266
Revenues less expenses for previous yearUSD $ 7,950
Total expenses for current yearUSD $ 22,030,357
Total expenses for previous yearUSD $ 22,283,321
Other expenses in current yearUSD $ 8,276,108
Other expenses in previous yearUSD $ 9,772,721
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 13,754,249
Employee salary and benefits paid in previous yearUSD $ 12,510,600
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 22,605,623
Total revenue in previous fiscal yearUSD $ 22,291,271
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2020-08-31
Total unrelated business incomeUSD $ 14,404
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 23,930,004
Program Service Revenue from current yearUSD $ 20,670,105
Investment Income from prior yearUSD $ 1,578,062
Investment Income from current yearUSD $ 1,621,166
Other Revenue from prior yearUSD $ 689
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 22,291,271
Net assets / fund balances at end of fiscal yearUSD $ 25,179,655
Net assets / fund balances at beginning of fiscal yearUSD $ 24,254,565
Total liabilities at end of fiscal yearUSD $ 13,683,181
Total liabilities at beginning of fiscal yearUSD $ 18,338,398
Total assets at end of fiscal yearUSD $ 38,862,836
Total assets at beginning of fiscal yearUSD $ 42,592,963
Revenues less expenses for current yearUSD $ 7,950
Revenues less expenses for previous yearUSD $ 835,529
Total expenses for current yearUSD $ 22,283,321
Total expenses for previous yearUSD $ 24,673,226
Other expenses in current yearUSD $ 9,772,721
Other expenses in previous yearUSD $ 12,003,818
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 12,510,600
Employee salary and benefits paid in previous yearUSD $ 11,704,152
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 965,256
Total revenue in current fiscal yearUSD $ 22,291,271
Total revenue in previous fiscal yearUSD $ 25,508,755
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2019-08-31
Total unrelated business incomeUSD $ 26,810
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 23,998,638
Program Service Revenue from current yearUSD $ 23,930,004
Investment Income from prior yearUSD $ 1,973,171
Investment Income from current yearUSD $ 1,578,062
Other Revenue from prior yearUSD $ 43,880
Other Revenue from current yearUSD $ 689
Gross receipts from all sourcesUSD $ 25,508,755
Net assets / fund balances at end of fiscal yearUSD $ 24,254,565
Net assets / fund balances at beginning of fiscal yearUSD $ 24,274,225
Total liabilities at end of fiscal yearUSD $ 18,338,398
Total liabilities at beginning of fiscal yearUSD $ 19,370,960
Total assets at end of fiscal yearUSD $ 42,592,963
Total assets at beginning of fiscal yearUSD $ 43,645,185
Revenues less expenses for current yearUSD $ 835,529
Revenues less expenses for previous yearUSD $ 1,925,993
Total expenses for current yearUSD $ 24,673,226
Total expenses for previous yearUSD $ 24,089,696
Other expenses in current yearUSD $ 12,003,818
Other expenses in previous yearUSD $ 11,741,300
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 11,704,152
Employee salary and benefits paid in previous yearUSD $ 12,098,396
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 965,256
Grants and similar amounts paid in previous yearUSD $ 250,000
Total revenue in current fiscal yearUSD $ 25,508,755
Total revenue in previous fiscal yearUSD $ 26,015,689
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 689
2018-08-31
Total unrelated business incomeUSD $ 102,574
Net unrelated business incomeUSD $ 38,391
Program Service Revenue from prior yearUSD $ 23,897,620
Program Service Revenue from current yearUSD $ 23,998,638
Investment Income from prior yearUSD $ 2,283,622
Investment Income from current yearUSD $ 1,973,171
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 43,880
Gross receipts from all sourcesUSD $ 26,015,689
Net assets / fund balances at end of fiscal yearUSD $ 24,274,225
Net assets / fund balances at beginning of fiscal yearUSD $ 21,257,133
Total liabilities at end of fiscal yearUSD $ 19,370,960
Total liabilities at beginning of fiscal yearUSD $ 19,945,744
Total assets at end of fiscal yearUSD $ 43,645,185
Total assets at beginning of fiscal yearUSD $ 41,202,877
Revenues less expenses for current yearUSD $ 1,925,993
Revenues less expenses for previous yearUSD $ 2,324,395
Total expenses for current yearUSD $ 24,089,696
Total expenses for previous yearUSD $ 23,856,847
Other expenses in current yearUSD $ 11,741,300
Other expenses in previous yearUSD $ 11,179,537
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 12,098,396
Employee salary and benefits paid in previous yearUSD $ 11,677,310
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 250,000
Grants and similar amounts paid in previous yearUSD $ 1,000,000
Total revenue in current fiscal yearUSD $ 26,015,689
Total revenue in previous fiscal yearUSD $ 26,181,242
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 43,880
2017-08-31
Total unrelated business incomeUSD $ 86,101
Net unrelated business incomeUSD $ -1,605
Program Service Revenue from prior yearUSD $ 24,260,853
Program Service Revenue from current yearUSD $ 23,897,620
Investment Income from prior yearUSD $ 1,574,777
Investment Income from current yearUSD $ 2,283,622
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 26,181,242
Net assets / fund balances at end of fiscal yearUSD $ 21,257,133
Net assets / fund balances at beginning of fiscal yearUSD $ 18,121,738
Total liabilities at end of fiscal yearUSD $ 19,945,744
Total liabilities at beginning of fiscal yearUSD $ 21,580,969
Total assets at end of fiscal yearUSD $ 41,202,877
Total assets at beginning of fiscal yearUSD $ 39,702,707
Revenues less expenses for current yearUSD $ 2,324,395
Revenues less expenses for previous yearUSD $ 1,329,315
Total expenses for current yearUSD $ 23,856,847
Total expenses for previous yearUSD $ 24,506,315
Other expenses in current yearUSD $ 11,179,537
Other expenses in previous yearUSD $ 11,929,703
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 11,677,310
Employee salary and benefits paid in previous yearUSD $ 12,076,612
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 1,000,000
Grants and similar amounts paid in previous yearUSD $ 500,000
Total revenue in current fiscal yearUSD $ 26,181,242
Total revenue in previous fiscal yearUSD $ 25,835,630
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2016-08-31
Total unrelated business incomeUSD $ 128,295
Net unrelated business incomeUSD $ -2,223
Program Service Revenue from prior yearUSD $ 24,673,235
Program Service Revenue from current yearUSD $ 24,260,853
Investment Income from prior yearUSD $ 2,060,717
Investment Income from current yearUSD $ 1,574,777
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 25,835,630
Net assets / fund balances at end of fiscal yearUSD $ 18,121,738
Net assets / fund balances at beginning of fiscal yearUSD $ 16,577,921
Total liabilities at end of fiscal yearUSD $ 21,580,969
Total liabilities at beginning of fiscal yearUSD $ 22,684,532
Total assets at end of fiscal yearUSD $ 39,702,707
Total assets at beginning of fiscal yearUSD $ 39,262,453
Revenues less expenses for current yearUSD $ 1,329,315
Revenues less expenses for previous yearUSD $ -4,373,380
Total expenses for current yearUSD $ 24,506,315
Total expenses for previous yearUSD $ 31,107,332
Other expenses in current yearUSD $ 11,929,703
Other expenses in previous yearUSD $ 12,944,989
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 12,076,612
Employee salary and benefits paid in previous yearUSD $ 12,662,343
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 500,000
Grants and similar amounts paid in previous yearUSD $ 5,500,000
Total revenue in current fiscal yearUSD $ 25,835,630
Total revenue in previous fiscal yearUSD $ 26,733,952
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2015-08-31
Total unrelated business incomeUSD $ 158,188
Net unrelated business incomeUSD $ -320
Program Service Revenue from prior yearUSD $ 25,016,412
Program Service Revenue from current yearUSD $ 24,673,235
Investment Income from prior yearUSD $ 1,351,897
Investment Income from current yearUSD $ 2,060,717
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 31,085,240
Net assets / fund balances at end of fiscal yearUSD $ 16,577,921
Net assets / fund balances at beginning of fiscal yearUSD $ 23,388,776
Total liabilities at end of fiscal yearUSD $ 22,684,532
Total liabilities at beginning of fiscal yearUSD $ 16,461,400
Total assets at end of fiscal yearUSD $ 39,262,453
Total assets at beginning of fiscal yearUSD $ 39,850,176
Revenues less expenses for current yearUSD $ -4,373,380
Revenues less expenses for previous yearUSD $ 1,585,045
Total expenses for current yearUSD $ 31,107,332
Total expenses for previous yearUSD $ 24,783,264
Other expenses in current yearUSD $ 12,944,989
Other expenses in previous yearUSD $ 13,216,109
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 12,662,343
Employee salary and benefits paid in previous yearUSD $ 11,567,155
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 5,500,000
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 26,733,952
Total revenue in previous fiscal yearUSD $ 26,368,309
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 230892360

USA Mailing Address
1801 MARKET STREET, SUITE 300
PHILADELPHIA
PA
191031613
Date first seen: 2010-10-15
Date last seen: 2019-02-25
USA Location Address
1801 MARKET STREET, SUITE 300
PHILADELPHIA
PA
19103
Date first seen: 2007-01-01
Date last seen: 2024-10-15
USA Mailing Address
1801 MARKET STREET NO 300
PHILADELPHIA
PA
191031628
Date first seen: 2014-05-14
Date last seen: 2018-02-02

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

EIN Change Events for THE RISK MANAGEMENT ASSOCIATION

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